Financials

v3.8.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2017
Sep. 30, 2016
CURRENT ASSETS    
Cash $ 8,466 $ 46,302
Accounts receivable and other current assets 264 9,014
Prepayment 18,343 27,472
TOTAL CURRENT ASSETS 27,073 82,788
NON-CURRENT ASSETS    
Property and equipment, net 4,877 11,875
TOTAL NON-CURRENT ASSETS 4,877 11,875
TOTAL ASSETS 31,950 94,663
CURRENT LIABILITIES    
Accounts payable 256,242 186,341
Due to related parties 1,154,424 822,862
Accrued liabilities and other payables 298,700 136,250
TOTAL CURRENT LIABILITIES 1,709,366 1,145,453
NON-CURRENT LIABILITIES    
Notes Payable 1,921,991 1,530,959
Notes payable - related parties 434,722 271,562
TOTAL NON-CURRENT LIABILITIES 2,356,713 1,802,521
TOTAL LIABILITIES 4,066,079 2,947,974
STOCKHOLDERS' DEFICIT    
Common stock: $ 0.0001 par value, Authorized: 250,000,000 shares; 89,504,000 and 89,336,000 shares issued and outstanding at September 30, 2017 and 2016 8,951 8,934
Additional Paid-in Capital 25,404,058 25,215,044
Accumulated deficit (29,773,496) (28,449,646)
Accumulated other comprehensive income 93,905 153,466
Total UMeWorld Limited stockholders' deficit (4,266,582) (3,072,202)
Noncontrolling interest 232,453 218,891
TOTAL STOCKHOLDERS' DEFICIT (4,034,129) (2,853,311)
TOTAL LIABILITES AND STOCKHOLDERS' DEFICIT $ 31,950 $ 94,663

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v3.8.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
12 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2015
Consolidated Statements Of Operations And Comprehensive Loss      
Revenues $ 7,927
TOTAL REVENUES 7,927
Cost of revenues (24,587)
GROSS PROFIT / (LOSS) (16,660)
OPERATING EXPENSES      
Selling, general and administrative expenses 902,166 964,065 858,975
TOTAL OPERATING EXPENSES 902,166 964,065 858,975
LOSS FROM OPERATIONS (918,826) (964,065) (858,975)
OTHER EXPENSES      
Other income 20,227
Interest income 29 67 146
Interest expense (389,480) (218,743) (135,005)
TOTAL OTHER EXPENSES (389,451) (218,676) (114,632)
LOSS BEFORE INCOME TAXES AND NONCONTROLLING INTEREST (1,308,277) (1,182,741) (973,607)
INCOME TAX EXPENSES
Net Loss (1,308,277) (1,182,741) (973,607)
Net income attributable to noncontrolling interests 15,573 15,612 15,625
Net loss attributable to UMeWorld Limited stockholders (1,323,850) (1,198,353) (989,232)
Comprehensive Loss      
Net loss attributable to UMeWorld Limited stockholders (1,323,850) (1,198,353) (989,232)
Total translation adjustment (61,572) (4,011) 160,731
Comprehensive loss (1,385,422) (1,202,364) (828,501)
Less: comprehensive income (loss) attributable to noncontrolling Interests 2,011 150 (424)
Comprehensive loss attributable to UMeWorld Limited stockholders $ (1,383,411) $ (1,202,214) $ (828,925)
Net loss per share attributable to UMeWorld Limited stockholders      
Basic and diluted $ (0.02) $ (0.01) $ (0.01)
Weighted average number of common shares outstanding Basic and diluted 89,375,475 89,185,180 89,036,000

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v3.8.0.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2015
CASH FLOW FROM OPERATING ACTIVITIES      
Net Loss $ (1,308,277) $ (1,182,741) $ (973,607)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation expense 7,025 6,822 7,174
Stock issued for service 90,000  
Amortization of debt discount 186,280 72,138 15,903
Changes in assets and liabilities:      
Accounts receivable and other current assets 8,750 605 2,125
Prepayment 9,129 3,370 (29,415)
Accounts payable 69,901 68,305 (25,363)
Accrued liabilities and other payables 399,902 176,618 117,905
Due to related parties 120,000 121,829 120,000
NET CASH USED IN OPERATING ACTIVITIES (507,290) (643,054) (765,278)
CASH FLOWS FROM INVESTING ACTIVITIES      
Purchase of machinery and equipment (307)
NET CASH USED IN INVESTING ACTIVITIES (307)
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from issuance of common stock 50,400
Proceeds from note payables 149,707 235,730 200,876
Proceeds from note payables - Related Parties 101,126 155,428 111,952
Repayments to related parties (227,867) (40,855) (56,689)
Proceeds from related parties 407,984
NET CASH PROVIDED BY FINANCING ACTIVITIES 481,350 350,303 256,139
Effect of exchange rate changes on cash and cash equivalents (11,896) (12,007) 15,423
NET INCREASE (DECREASE) IN CASH (37,836) (304,758) (494,023)
Cash at beginning of year 46,302 351,060 845,083
Cash at end of year 8,466 46,302 351,060
NON-CASH INVESTING AND FINANCING TRANSACTIONS      
Expenses paid by related parties 30,571 25,816 27,543
Discount due to debt issued with warrants 138,631 233,125 164,497
SUPPLEMENTARY DISCLOSURE:      
Income Tax Paid
Interest Paid

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